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Oct 12, 2013
10/13
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they used to be all about raising the debt ceiling, but their message has been do not raise the debt ceiling. this week though, the club for growth also announced look away if republicans do decide to raise the debt ceiling, so it's still not about obama care, but now, their new message, we want lots of nonobama care related things, but don't hit the debt ceiling on our account. that was how their message changed this week. now, the coch brothers funded the americans for prosperity group. they want the government shut down. they do not want to raise the debt ceiling. they want none of that. so, for them, it is not particularly about obama care. it's not really about obama care for them. but they are definitely willing to hit the debt ceiling for all the other stuff they want. at least they have stayed the same. they're funded by the coch brothers. they've been funding basically all of the groups that have been demanding a government shutdown. they've spent over $2 hundred million in a year. on these groups that have been pushing for a government shutdown over obama care. but this wee
they used to be all about raising the debt ceiling, but their message has been do not raise the debt ceiling. this week though, the club for growth also announced look away if republicans do decide to raise the debt ceiling, so it's still not about obama care, but now, their new message, we want lots of nonobama care related things, but don't hit the debt ceiling on our account. that was how their message changed this week. now, the coch brothers funded the americans for prosperity group. they...
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Jan 25, 2013
01/13
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i have said many times, i would oppose the budget control act which will raise the debt ceiling. in part, because the way the question provisions were written. they were unbalanced. 50% of our cuts come from the defense. it just cut everything by the same amount as opposed to give our military leaders the pentagon to cut from unsuccessful and outdated programs and put more money into the most successful and important programs. with that said, the only thing worse than the defense cuts and sequestration is no cuts at all. if we don't have the sequestration cuts at the top line revenue level went we will increase the debt ceiling with almost nothing to show for it. part of the reasons why the house republicans this week, extended the debt cerealing for three months to feel out paul ryan and his team to draft a budget that gets us balanced in 10 years but also protects the department of defense from further cuts because they have already been cut by $500 billion. >> do you get the idea, do you get the sense that americans are tired of world business. that doing some business here at
i have said many times, i would oppose the budget control act which will raise the debt ceiling. in part, because the way the question provisions were written. they were unbalanced. 50% of our cuts come from the defense. it just cut everything by the same amount as opposed to give our military leaders the pentagon to cut from unsuccessful and outdated programs and put more money into the most successful and important programs. with that said, the only thing worse than the defense cuts and...
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Jan 15, 2013
01/13
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he voted against raising the debt ceiling. calls it unpatriot i cannot to do it now. >> dana: president obama was called out on this before. saying it was unpatriotic and lack of leadership. that's why you would vote against it. now it's unpatriotic if the patriot act hold you to spending reduction to get the debt level raised. major garrett at cbs now, asked a question. it was a long question or we'd play it for you. but i thought president obama could have answered it with more honesty, as opposed to yeah, i know. politics got in the way. >> kimberly: but he didn't. he wanted to say i know what you are talking about. >> dana: attack the questio questioner. that was then, this is now. >> kimberly: now he's head of the ma nar i can and he can do -- monarchy and he can do what he wants. he continues to demonize with the rhetoric and language those who disagree with him. because they have a concern about the financial well-being of the future of the country. how about cut spending. >> dana: i want to get to you in a second. i ha
he voted against raising the debt ceiling. calls it unpatriot i cannot to do it now. >> dana: president obama was called out on this before. saying it was unpatriotic and lack of leadership. that's why you would vote against it. now it's unpatriotic if the patriot act hold you to spending reduction to get the debt level raised. major garrett at cbs now, asked a question. it was a long question or we'd play it for you. but i thought president obama could have answered it with more honesty,...
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Jan 10, 2013
01/13
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seven debt ceiling raises. white was just sort of -- everyone understood it would get raised and it was a time to remind people how big the debt was and nobody really took it seriously, press release. it was useful for that. once people started taking it seriously and said we are going to think about not paying the debt it bill absurd and it is -- it is absurd and it needs to be -- needs to go away or congress just needs to understand that that's the only use of it. a coin isn't going to solve that problem. looking at a darn corners of the constitution will not solve that problem. >> what is -- you know, the problem -- that -- republicans seem to have is it the leadership sort of knows that they really shun be playing politics of the debt ceiling. but the rank and file, they don't want any part of that. they want to play politics. >> this is the problem. this is my problem with people who are spending a lot of time, smart people. friends of ours who are spending a lot of time talking about the kooky ideas. you
seven debt ceiling raises. white was just sort of -- everyone understood it would get raised and it was a time to remind people how big the debt was and nobody really took it seriously, press release. it was useful for that. once people started taking it seriously and said we are going to think about not paying the debt it bill absurd and it is -- it is absurd and it needs to be -- needs to go away or congress just needs to understand that that's the only use of it. a coin isn't going to solve...
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Oct 15, 2013
10/13
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good morning, sir. >> let's raise that debt ceiling. welcome back. and now let's start with jimmy kimmel who noticed something a little strange after the bears/giants game last week. >> bears running back matt forte spoke to reporters in the locker room after the game. keep an eye on rich king in the background. >> between time of possession and not having to -- did a freight job finding open receivers. you want to win all your home games. hard to win on the road. so getting a win tonight was critically important. >> get that man a chapstick, will you? i don't know what he was doing, but mrs. king is a very lucky woman. >> well, sometimes it's vampires, but apparently zombies are hot enough to make a show about them the most watched show on television. more than 16 million people tuned into walk the walking dead's season four premiere. even beat out sunday night football. and remember, this show is on amc. they just keep cranking it out. entertainment weekly reports viewer ship is up 30% from the show's previous high. now, who is behind what many con
good morning, sir. >> let's raise that debt ceiling. welcome back. and now let's start with jimmy kimmel who noticed something a little strange after the bears/giants game last week. >> bears running back matt forte spoke to reporters in the locker room after the game. keep an eye on rich king in the background. >> between time of possession and not having to -- did a freight job finding open receivers. you want to win all your home games. hard to win on the road. so getting a...
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government shutdown comes to an end as america default by a whisker with the debt ceiling raised some worried that catastrophe is only being delayed. the. protesters in italy take on the police as thousands hit the streets to vent their anger at the government's new austerity loaded budget. also this week. out of new clear a huge spike in radiation levels at fukushima as readings in a story rise by thousands of times in just a day.
government shutdown comes to an end as america default by a whisker with the debt ceiling raised some worried that catastrophe is only being delayed. the. protesters in italy take on the police as thousands hit the streets to vent their anger at the government's new austerity loaded budget. also this week. out of new clear a huge spike in radiation levels at fukushima as readings in a story rise by thousands of times in just a day.
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Oct 5, 2013
10/13
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the deadline to raise the debt ceiling is 17 october. if lawmakers do not raise the borrowing limit the government will not have enough money to pay its bills. the federal government has never defaulted. in 2011 the u.s. government credit rating was downgraded below triple a for the first time. >> never before has a party threatened to not pay our bills, except for 2011 - the last time that speaker boehner and some of the same people in the house of representatives thought that it might give them more leverage and negotiations. we can't establish a pattern where one faction of one party that controls one chamber and one branch of government can basically hold its breath and say, "unless we get 100% of our way, we'll let the entire economy collapse, the entire economy shutdown." what i said to them is this - making sure that the united states government pays the bill is non-negotiable. that's what families around the country do. >> economists believe that failure to raise the debt ceiling could hurt the global economy. nicholas is a profe
the deadline to raise the debt ceiling is 17 october. if lawmakers do not raise the borrowing limit the government will not have enough money to pay its bills. the federal government has never defaulted. in 2011 the u.s. government credit rating was downgraded below triple a for the first time. >> never before has a party threatened to not pay our bills, except for 2011 - the last time that speaker boehner and some of the same people in the house of representatives thought that it might...
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Jan 16, 2013
01/13
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FBC
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at end of day raising debt ceiling is about paying bills that have been incurred. neil: i know that, what were democrats thinking 7 year ago when they voted gain it they were just addressing. >> it was political theater then and now, but now. neil: did you see that then? >> i was in college or grad school. you should have had me on. >> barack obama -- hold on, barack obama was saying it back then, there is so much santa money from the white house, national debt was 10 trillion when he came in, it is 16 trillion, he has not thinked for his talk about corporate responsibility and millionaires and billionaires paying their fair share that last tax bill as more corporate welfare to billionaire friends of barack obama than any pork bill we've seen so far. >> obama will not last too long when they see this hypocrisy. >> i cannot believe we're calling it responsible to consider defaulting on some of our obligation today so maybe at some point in the future there will not be a debt collapse. you say we should default today so there will not be a default in the future. neil
at end of day raising debt ceiling is about paying bills that have been incurred. neil: i know that, what were democrats thinking 7 year ago when they voted gain it they were just addressing. >> it was political theater then and now, but now. neil: did you see that then? >> i was in college or grad school. you should have had me on. >> barack obama -- hold on, barack obama was saying it back then, there is so much santa money from the white house, national debt was 10 trillion...
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Oct 3, 2013
10/13
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are they overexaggerating the impact potentially of not raising the debt ceiling? what's going on here? >> reporter: well, it certainly sounds dire and scary. what they're talking about here, they're saying you can't precisely measure what would happen in the global economy if we don't raise the debt ceiling and how soon it would happen because we have never been here before. the united states always pays its bills on time, every time. that's why it's the center of a global financial complex. that's why it is the gold standard for borrowing and it is a model that other countries are trying to emulate. we have never been here before. the treasury department in that report basically saying that if you don't raise the debt ceiling, the kind of knock-on effects to capital markets freezing, stock markets plunging, all kinds of business grinding to a halt would rival the crisis in 2008, if not the great depression. that's what the treasury department is saying. it's interesting because for the first time in five years, you have america's big bankers and the white house s
are they overexaggerating the impact potentially of not raising the debt ceiling? what's going on here? >> reporter: well, it certainly sounds dire and scary. what they're talking about here, they're saying you can't precisely measure what would happen in the global economy if we don't raise the debt ceiling and how soon it would happen because we have never been here before. the united states always pays its bills on time, every time. that's why it's the center of a global financial...
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debt ceiling could be reached as early as mid february which could then lead to a sovereign default raising the boring limit could also be an issue as the republican party continues to strictly oppose any additional spending just last december congress struggled to find a compromise to avoid an automatic tax increase and the implementation of cuts to the fiscal cliff. and later today are they martin zooms in on the u.s. treasuries new boss and how the media has been distracting attention from the real problems ahead and he's a pretty. obama's chief of staff jack lew is moving on up. and of course the media has been all over the most controversial aspect of his record coming to a dollar bill near you this parody of a signature the treasury secretary's signature you see appears on all federal reserve notes dollar bills issued during his tenure here is jack lew's signature it real. haha now according to corporate media the biggest signature apparently the most interesting thing they can dredge up is it. but of course is all just one giant distraction from who he is really so who is jack lew i
debt ceiling could be reached as early as mid february which could then lead to a sovereign default raising the boring limit could also be an issue as the republican party continues to strictly oppose any additional spending just last december congress struggled to find a compromise to avoid an automatic tax increase and the implementation of cuts to the fiscal cliff. and later today are they martin zooms in on the u.s. treasuries new boss and how the media has been distracting attention from...
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Oct 5, 2013
10/13
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cerealing to be raised.-- the debt ceiling to be raised. you do not want the u.s. to default. democrats are interpreting that saying the 11th hour, when the president refuses to negotiate on the debt ceiling, you'll run a clean debt ceiling bill. but can you be clear on where you and your conference is on the debt ceiling. >> you heard me saying this, going back over the last two or three years. our goal wasn't to shut down the government. our goal here was to bring fair tons the american people under obama care. i don't believe that we should default on our debt. it's not good for our country. but after 55 years of spending more than what you bring in, something ought to be addressed. this year, we'll have more revenue than any year in the history of our country and yet still have a nearly $700 billion deficit. i think the american people expect if we're going raise the amount of money we can borrow, we ought to do something about our spending problem in the lack of economic growth in our country. >> is this shutdown -- this showdown about
cerealing to be raised.-- the debt ceiling to be raised. you do not want the u.s. to default. democrats are interpreting that saying the 11th hour, when the president refuses to negotiate on the debt ceiling, you'll run a clean debt ceiling bill. but can you be clear on where you and your conference is on the debt ceiling. >> you heard me saying this, going back over the last two or three years. our goal wasn't to shut down the government. our goal here was to bring fair tons the american...
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Sep 29, 2013
09/13
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treasury secretary sent a letter to congress this week saying unless congress raises the debt ceiling, the treasury will have $30 billion left by october 17th and possible expenditures of 60 billion on that date. unless the debt ceiling is extending the government won't be able to borrow money and pay some of its bills. that has business cautious as john chambers told me this week. >> we see opportunities and also challenges. you know what's going on at the fed and what's going on with the debt ceiling. the impact of orders coming out of federal being a bit more challenging and the retail sales. most of my ceo counter parts and industry experts are cautious. >> the dow and s&p 500 broke a losing streak on thursday. the markets fell on friday. nike reported earnings this week and beat analysts expectations. blackberry may be going private. the company considering a $4.7 billion by a private bid by fairfax capital. they are announcing a loss of 1 billion dollar in the second quarter. fall has arrived and so has fallen gas prices. unleaded is nearing $3 a gallon, the lowest since january
treasury secretary sent a letter to congress this week saying unless congress raises the debt ceiling, the treasury will have $30 billion left by october 17th and possible expenditures of 60 billion on that date. unless the debt ceiling is extending the government won't be able to borrow money and pay some of its bills. that has business cautious as john chambers told me this week. >> we see opportunities and also challenges. you know what's going on at the fed and what's going on with...
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Oct 14, 2013
10/13
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open the government, raise the debt ceiling. they both say they want the same thing. >> a couple of questions. they didn't get a conference in the house and the senate because when you're in the house, you get recommit and you get a lot of embarrassing votes up. the republican leadership didn't feel they were helpful on that. the house did something that the senate didn't do. they passed a number of appropriations bills. the senate has passed zero. the senate has passed zero. but it's like 65% of government because you had d.o.d. and some of the others. republicans feel they gave the tax cuts last year when they were expired and tax rates went up for many americans. so obama care's additional tax on people, they felt they've given enough. compromising people have to move off of the positions, that's how you get there. we're at the point where democrats don't think that the republicans are giving enough, vice versa. we have to do the shutdowns and i think -- >> what may come out of this, we don't know yet, but what may come out o
open the government, raise the debt ceiling. they both say they want the same thing. >> a couple of questions. they didn't get a conference in the house and the senate because when you're in the house, you get recommit and you get a lot of embarrassing votes up. the republican leadership didn't feel they were helpful on that. the house did something that the senate didn't do. they passed a number of appropriations bills. the senate has passed zero. the senate has passed zero. but it's...
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Oct 8, 2013
10/13
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so there was a negotiation then amongst democrats over raising the debt ceiling. the long and short of it is there is going to be a negotiation here. we can't raise the debt ceiling without doing something about what's driving us to borrow more money and to live beyond our means. the idea that we should continue to spend money that we don't have and give the bill to our kids and our grandkids would be wrong. this isn't about me and frankly, it's not about republicans. this is about saving the future for our kids and our grandkids and the only way this is going to happen is to in fact have a conversation. so it's time to have that conversation. not next week, not next month. the conversation ought to start today. and i'm hopeful that whether it's the president or a democrat leader here in the congress, we can begin that conversation. >> can you tell us please, what would you say to military families who have just been denied death benefits due to the shutdown? >> last week, the congress passed the pay our military benefits act. we gave broad authority to the depart
so there was a negotiation then amongst democrats over raising the debt ceiling. the long and short of it is there is going to be a negotiation here. we can't raise the debt ceiling without doing something about what's driving us to borrow more money and to live beyond our means. the idea that we should continue to spend money that we don't have and give the bill to our kids and our grandkids would be wrong. this isn't about me and frankly, it's not about republicans. this is about saving the...
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Jan 10, 2013
01/13
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ceiling and indicates the president could raise the debt ceiling without the consent of congress. doesn't seem like they'd be open to something like this but covering it for three years, i really i guess i wouldn't be surprised if anything happened but this is not gaining real traction on capitol hill. and it's tough to say what kind of -- what this kind of -- what people are calling a gimmick means for the negotiations. republicans across the board blasted this idea and doesn't seem realistic especially as you said there's issues and not only debt ceiling, sequester and government funtding so if the president wants a deal on any of those, making a new coin to raise the debt ceiling probably wouldn't bode well for the totality of those negotiations. >> i would say minting a coin, it definitely is sort of gimmicky or silly and so is using the debt ceiling as a hostage taking technique so glad that they haven't totally ruled that out yet and use it maybe as leverage in this upcoming fight. jake, thanks so much for joining us. >> thanks, guys. >>> up next, the white house calling in
ceiling and indicates the president could raise the debt ceiling without the consent of congress. doesn't seem like they'd be open to something like this but covering it for three years, i really i guess i wouldn't be surprised if anything happened but this is not gaining real traction on capitol hill. and it's tough to say what kind of -- what this kind of -- what people are calling a gimmick means for the negotiations. republicans across the board blasted this idea and doesn't seem realistic...
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Oct 10, 2013
10/13
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the president has said that he wants a clean debt ceiling raise. so we think that speaker boehner is trying to sell members of his caucus on the debt ceiling, and not opening the government until something is added to it, by the affordable care act or other budgetary measures. >> and randall, it appears that the affordable care act, all of that may not be a thing of the pastas the news conference is being set up. >> we're hearing the hardliners talking about at least needing to amend the affordable care act, but not so much in terms of tying it to the reopening of government or the debt ceiling. so right now, what we're doing this morning, what we expect speak iser boehner to do, republicans are ready to approve a short-term raising of the debt ceiling, to the end of september. and president obama opened that window the other day, turning from the democrats who wanted a long-term debt ceiling deal. and president obama said if we can just get through the next few weeks and continue negotiation was republicans on some of the fiscal issues that have b
the president has said that he wants a clean debt ceiling raise. so we think that speaker boehner is trying to sell members of his caucus on the debt ceiling, and not opening the government until something is added to it, by the affordable care act or other budgetary measures. >> and randall, it appears that the affordable care act, all of that may not be a thing of the pastas the news conference is being set up. >> we're hearing the hardliners talking about at least needing to...
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Sep 19, 2013
09/13
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ceiling or the threat of not raising the debt ceiling being used to extort a president or a governing party. >> that statement got four pinocchios in today's "the wall street journal." but this is a president negotiating with assad through putin. he's a penpal of iran's new president. but he's not going to sit down and negotiate with republicans on the debt and the deficit? isn't that his job? is he serious? >> the republicans have made it abundantly clear that a part of that negotiation would be to defund the affordable care act. and also they want the type of cuts in the deficit -- in the budget that really will kill everything that the president stands for. if only as we see this modest increase in unemployment, the wealthy are making so much money. the disparity between the poor and the middle class, which is the heart of our great nation, is falling into poverty. we need to have the government to participate with the private sector to get our great country back to work. but when you talk about cut further than the sequestration and to defund, that's not negotiation. that's puttin
ceiling or the threat of not raising the debt ceiling being used to extort a president or a governing party. >> that statement got four pinocchios in today's "the wall street journal." but this is a president negotiating with assad through putin. he's a penpal of iran's new president. but he's not going to sit down and negotiate with republicans on the debt and the deficit? isn't that his job? is he serious? >> the republicans have made it abundantly clear that a part of...
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Sep 19, 2013
09/13
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ceiling or the threat of not raising the debt ceiling being used to extort a president or a governing party and trying to force issues that have nothing to do with the budget and have nothing to do with the debt. >> you know, ronald reagan had it go up several times. the responsibility is to keep those savings bonds real, and to make the money you borrow in t-bills and everything else around the world mean something. it's not a joke. and it's not a political argument. >> some republicans want to take hostages to get policy concessions out of the president. i think some republicans want to take hostages just to blow up the bank. they want chaos. >> i think you're right, actually. >> and i think that's what's dangerous here. >> i think they're willing to dance on this thing, thinking maybe it will blow up. if it does, that's the grownups problem to deal with. that's not for little members of congress who only have to represent 600,000 people. all i have to do is be ideologically in synch with them and i'm covered. >> boehner's empowering these people. he won't face them down. so they fe
ceiling or the threat of not raising the debt ceiling being used to extort a president or a governing party and trying to force issues that have nothing to do with the budget and have nothing to do with the debt. >> you know, ronald reagan had it go up several times. the responsibility is to keep those savings bonds real, and to make the money you borrow in t-bills and everything else around the world mean something. it's not a joke. and it's not a political argument. >> some...
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Sep 25, 2013
09/13
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if we don't raise the debt ceiling and there's a risk of a default, that takes center.@%p stage. >> you're right. sandra pointed to that when we talked about 2011 over the debt ceiling fight there. the market sold off 17%. the s&p dropped. but for the year it gained 12%. i'm talking about about the interim between july and august when s&p downgraded the u.s. moody's put out a note saying it does not foresee a downgrade on its side of the debt rating but certainly the threat of a default always rattles bond investigators and the equity markets. they don't like to see the idea that the united states would not pay on its debt. >> neil: we're showing awe chart that gets involved. let me cut to the chase. when it looks like we're going to sort of break the bank here and the debt ceiling will be a problem, stocks turn down. when it looks short-lived, they move up. we solve the problem they really move up. now some people are saying been there, done that, getting sick of that. what happens? >> well, it goes back to the cliche, the markets don't like uncertainty. this is not th
if we don't raise the debt ceiling and there's a risk of a default, that takes center.@%p stage. >> you're right. sandra pointed to that when we talked about 2011 over the debt ceiling fight there. the market sold off 17%. the s&p dropped. but for the year it gained 12%. i'm talking about about the interim between july and august when s&p downgraded the u.s. moody's put out a note saying it does not foresee a downgrade on its side of the debt rating but certainly the threat of a...
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Sep 26, 2013
09/13
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if three weeks later within we go to that debt ceiling congress doesn't raise the debt ceiling, those are in jeopardy. you could see seniors not getting a social security check, hospitals not being paid for medicare and medicaid. main street would feel that immediately, the debt ceiling. >> let's get to debt ceiling. i am thinking about buying a car or a house. do i care? >> absolutely. it could affect interest rates. they're very likely to go up. back in 1979 we had a small technical default on a few of our treasury bills. that raised interest rates by over 0.5%. that was a tiny thing, nothing like what we're facing now. we could see a hike if this goes on. >> why is it so much worse this time? >> we've never done it before. it's bad because we borrow so much money. when you look at, for example, $30 billion cash on hand is what the treasury secretary says we have. we have $58 billion of really important bills. those are just the important bills in november. how are we going to pay that? who's going to decide you're going to pay social security but not the chinese, you'll pay for hig
if three weeks later within we go to that debt ceiling congress doesn't raise the debt ceiling, those are in jeopardy. you could see seniors not getting a social security check, hospitals not being paid for medicare and medicaid. main street would feel that immediately, the debt ceiling. >> let's get to debt ceiling. i am thinking about buying a car or a house. do i care? >> absolutely. it could affect interest rates. they're very likely to go up. back in 1979 we had a small...
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Oct 2, 2013
10/13
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and congress has the responsibility to pass the bill to raise the debt ceiling so that the united states does not, for the first time in its history, default on its obligations. you know, the president's position is clear. he has been all year and continues to be eager and willing to sit down with lawmakers of both parties to work out a longer, broader budget compromise. that funds our priorities, invests in our future. and reduces our deficit. continuing the work that he's done since he took office in reducing the deficit by more than half. but what he won't do is negotiate under threat of shutdown, or threat of default. >> so the government shutdown even extend into the world of sports now. folks. >> this is getting serious. andy scholes joins us with the big game that is now being postponed. that next in "bleacher report." which would be fine if bob were a vampire. but he's not. ♪ he's an architect with two kids and a mortgage. luckily, he found someone who gave him a fresh perspective on his portfolio. and with some planning and effort, hopefully bob can retire at a more appropriat
and congress has the responsibility to pass the bill to raise the debt ceiling so that the united states does not, for the first time in its history, default on its obligations. you know, the president's position is clear. he has been all year and continues to be eager and willing to sit down with lawmakers of both parties to work out a longer, broader budget compromise. that funds our priorities, invests in our future. and reduces our deficit. continuing the work that he's done since he took...
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Sep 20, 2013
09/13
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>> john, who has the power to raise the debt ceiling? >> well -- >> who has the power to raise the debt ceiling? >> the congress -- >> who has the power to raise the debt ceiling. >> -- have put forward a plan. call it ridiculous or whatever, but they have a plan -- >> congress has the power to raise the debt ceiling. >> republicans have no interest in defaulting on debt. we want to find a way to pay it off. >> this is playing with fire. legislative arsonists are at work when they start using the debt limit. >> it sounds like chuck schumer has been playing too many violent vid owe games. >> obamacare is dead, dead. a waste of time, as i said before. >> obamacare is driving up the cost of health care. destroying american jobs. >> it is a train wreck. house republicans have showed the courage they are showing now that they continue to stand up. the house is the one branch of government they have a majority. >> speaker boehner even re-elised a web video blasting president obama for negotiating with the russian president but not his own cong
>> john, who has the power to raise the debt ceiling? >> well -- >> who has the power to raise the debt ceiling? >> the congress -- >> who has the power to raise the debt ceiling. >> -- have put forward a plan. call it ridiculous or whatever, but they have a plan -- >> congress has the power to raise the debt ceiling. >> republicans have no interest in defaulting on debt. we want to find a way to pay it off. >> this is playing with fire....
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Jan 26, 2013
01/13
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now, in order to get the votes to allow the debt ceiling to be raised three months, speaker boehner promised his members the opportunity to vote on a budget that would be balanced within ten years. you can't tell people between 55 and 65, don't listen to this anyway. cure not going to be affected by this. if you balance the budget in ten years. so they're their challenge in winning over americans to the vision of smaller government and practical way is getting tougher. gwen: when you see something like the senator from georgia who says today he's not going to run. he said nothing to do with the fact he split had tea party challenge coming up. but people like that, mitch mcconnell, senate minority leader, getting a little nervous. >> i think that is a real link between what john is talking about. in that the people who are in office have got to worry about the tea party and its demands for these really significant cuts. and then you have r.n.c. down in charlotte saying, let's not focus on those things anymore at an event, by the way, where no tea party person was invited. how can they balls t
now, in order to get the votes to allow the debt ceiling to be raised three months, speaker boehner promised his members the opportunity to vote on a budget that would be balanced within ten years. you can't tell people between 55 and 65, don't listen to this anyway. cure not going to be affected by this. if you balance the budget in ten years. so they're their challenge in winning over americans to the vision of smaller government and practical way is getting tougher. gwen: when you see...
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Sep 13, 2013
09/13
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ceiling, to raise the debt ceiling. and that is not negotiable. they really believe that ultimately on this issue they might get ugly but it is a winning position for them to have and they don't need to resort to these other options. steve kornacki is a graduate of boston university. this next call is from massachusetts, republican line. caller: good morning. i'm calling about the word "exceptional," or " exceptionalism." i'm an old guy. my parents, right after they taught me right from wrong and then table manners and things like that, these are my earliest memories -- i got into little league and i had a good game when i was five or six or seven years old, and i started posting -- boasting. i was immediately put down by my father and had it explained to me that bragging or boasting is just not called for. it is up to other people to brag or boast about how well i was doing or how well i did. i can remember jim brown -- when jimmy brown would get a touchdown, he would run into the end zone and he would just drop the fo
ceiling, to raise the debt ceiling. and that is not negotiable. they really believe that ultimately on this issue they might get ugly but it is a winning position for them to have and they don't need to resort to these other options. steve kornacki is a graduate of boston university. this next call is from massachusetts, republican line. caller: good morning. i'm calling about the word "exceptional," or " exceptionalism." i'm an old guy. my parents, right after they taught...
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Jan 6, 2013
01/13
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the debt ceiling. >> i believe we need to raise the debt ceiling, but if we don't raise it without a plan to get out of debt, all of us should be fired. every american owes $52,000 in terms of their share of the national debt. we've raised the debt ceiling last august. we went through $2.1 trillion in 17 months. the size of the debt 2013, 2037 will be twice the size of the economy. i want to raise the debt ceiling, but i will not do it without a plan to get out of debt. senator durbin has done some hard work with the republicans on entitlement recome form. if you raise the debt ceiling by a dollar, you should cut spending by a dollar. that's the way to go forward. we need a budget. our democratic friends haven't passed a budget in three years contrary to the law of the land and why raise money and spend it if you don't have a budget. a dollar for dollar offset and a budget two conditions to raising the debt ceiling. >> you won't raise it unless you've got cuts certain in spending. you will not raise the debt ceiling. >> i'm not going to borrow trillions more dollars without a plan to
the debt ceiling. >> i believe we need to raise the debt ceiling, but if we don't raise it without a plan to get out of debt, all of us should be fired. every american owes $52,000 in terms of their share of the national debt. we've raised the debt ceiling last august. we went through $2.1 trillion in 17 months. the size of the debt 2013, 2037 will be twice the size of the economy. i want to raise the debt ceiling, but i will not do it without a plan to get out of debt. senator durbin has...
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Oct 6, 2013
10/13
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WBAL
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october 17 the point at which our nation's borrowing limit expires if the debt ceiling isn't raised. it's like maxing out your credit cards. not being able to borrow anymore and people say if the u.s. goes into default it will be absolutely can a lamb us the and whether the shutdown looks to be ending anytime soon. >> one of the things people are talking about is what seems to be for many the republicans just saying no policy. that's something you're going to look at today as well with ren paul? >> we have senator and paul who is someone earlier who said he didn't want a shutdown but one of the most vocal opponents of the president's health care plan. we will talk about whether the republicans pushed it too far or whether it's the president's fault for not being willing to negotiate. that's something he has said time and again he will notal negotiate over the shutdown or the impending ceiling limit. so we will see both sides of that argument for sure. >> thank you so much. >> thanks, lisa. >> and you can watch meet the press this morning on wbal-tv 11 news following 11 news at 9:00.
october 17 the point at which our nation's borrowing limit expires if the debt ceiling isn't raised. it's like maxing out your credit cards. not being able to borrow anymore and people say if the u.s. goes into default it will be absolutely can a lamb us the and whether the shutdown looks to be ending anytime soon. >> one of the things people are talking about is what seems to be for many the republicans just saying no policy. that's something you're going to look at today as well with...
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Jan 16, 2013
01/13
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that is far from a don't raise the debt ceiling ultimatum. boehner has now shown that he's willing to break glass and allow legislation to pass without a majority of the majority. perhaps we've seen the near future in how the republicans end up agreeing to a debt ceiling raise without a battle. government funding and government shutdown, different story. >>> let's turn back to the big story of the day. and that is the president's push on guns and the coming fight with both congress and the nra. in addition to calling on congress to pass gun control legislation, the president will propose a set of executive actions. nbc's justice correspondent pete williams is here to help explain some of those executive actions. a big one that we know he's going to call for is this idea, pete, of basically ordering the justice department to prosecute people that fail background checks. explain why that hasn't been done before, and how it can be done. >> sure, first of all. the federal law makes it a crime for somebody to falsify, knowingly falsify information
that is far from a don't raise the debt ceiling ultimatum. boehner has now shown that he's willing to break glass and allow legislation to pass without a majority of the majority. perhaps we've seen the near future in how the republicans end up agreeing to a debt ceiling raise without a battle. government funding and government shutdown, different story. >>> let's turn back to the big story of the day. and that is the president's push on guns and the coming fight with both congress and...
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raise the debt ceiling? >> because most economists believe is that you'd have a whole bunch of symptoms similar to the one we've had in the financial crisis that we've just been through. it could potentially lead us back into recession. they would all start with the treasury interest rate going up, interest rates going across the board, consumer confidence sink, business confidence sinking and so forth. >> is it conceivable to you that congress would not do this? >> unfortunately, i think it's a possibility. failing to to do this would be unthinkable. it's never happened in our history. congress does have this responsibility. it's a pretty solemn one. it is in the constitution. they have under article 1 responsibility for borrowing. if they allow the debt limb to cause a default crisis i think that would be potentially catastrophic. >> and this is where they might -- and i don't want to be pollyanna here because god knows that doesn't work in washington these days, but they all understand the consequences he
raise the debt ceiling? >> because most economists believe is that you'd have a whole bunch of symptoms similar to the one we've had in the financial crisis that we've just been through. it could potentially lead us back into recession. they would all start with the treasury interest rate going up, interest rates going across the board, consumer confidence sink, business confidence sinking and so forth. >> is it conceivable to you that congress would not do this? >>...
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Jan 14, 2013
01/13
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raising the debt ceiling does not authorize more spending. it simply allows the country to pay for spending that congress has already committed to. these are bills that have already been racked up and we need to pay them. so while i'm willing to compromise and find common ground how to reduce our deficits, america can not afford another debate with this congress about whether or not they should pay the bills they have already racked up. if congressional republicans refuse to pay america's bills on time, social security checks, and veterans benefits will be delayed. we might not be able to pay our troops, or honor our contracts with small business owners. food inspectors, air traffic controllers, specialists who track down loose nuclear materials wouldn't get their paychecks. investors around the world will ask if the united states of america is in fact a safe bet? markets could go haywire, interest rates would spike for anybody who borrows money, every homeowner with a mortgage, every student with a college loan, every small business owner wh
raising the debt ceiling does not authorize more spending. it simply allows the country to pay for spending that congress has already committed to. these are bills that have already been racked up and we need to pay them. so while i'm willing to compromise and find common ground how to reduce our deficits, america can not afford another debate with this congress about whether or not they should pay the bills they have already racked up. if congressional republicans refuse to pay america's bills...
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to congress to raise the debt ceiling. there have been a lot of fights. don't go away, guys. remember when washington united to prevent financial catastrophe? >> there is a spirit of cooperation with democrats and republicans and congress and this administration. >> imagine that? that was the good old days. i'll show you exactly how a debt ceiling disaster could change your life. that's next. this is your first time missing a payment. and you've got the it card, so we won't hike up your apr for paying late. that's great! it is great! thank you. at discover, we treat you like you'd treat you. get the it card with late payment forgiveness. wout of landfills each year? plastic waste to cover mt. rainier by using one less trash bag each month, we can. and glad forceflex bags stretch until they're full.* so you can take them out less often. we know in the cyber world, threats are always evolving. at first, we were protecting networks. then, we were protecting the transfer of data. and today it's evolved to infrastructure... ♪
to congress to raise the debt ceiling. there have been a lot of fights. don't go away, guys. remember when washington united to prevent financial catastrophe? >> there is a spirit of cooperation with democrats and republicans and congress and this administration. >> imagine that? that was the good old days. i'll show you exactly how a debt ceiling disaster could change your life. that's next. this is your first time missing a payment. and you've got the it card, so we won't hike up...
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Oct 10, 2013
10/13
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i'm not going to raise the debt ceiling. then you went on to say i think personally it would bring stability to the world markets if the debt ceiling were not raised. i want you to first of all tell us if those quotes were accurate and what you meant. >> yeah. those quotes are accurate. i appreciate you having me on, wolf. not raising the debt ceiling does not automatically trigger a default. what i meant by that article there was, you know, i feel like groundhog day, it's kind of like the debate between jimmy carter and ronald reagan. there you go again. we are doing the same things we've done the last 15 years. we have raised the debt ceiling 14 times since 2001 and if that was the answer, we wouldn't be here today. what i meant by that statement was this. if we as a nation, as legislators, address this condition of overspending and if we address that and we say to the rest of the world, to our financial markets, to the rest of the world market, say listen, we've got a spending problem, we realize it, we get it, we're goin
i'm not going to raise the debt ceiling. then you went on to say i think personally it would bring stability to the world markets if the debt ceiling were not raised. i want you to first of all tell us if those quotes were accurate and what you meant. >> yeah. those quotes are accurate. i appreciate you having me on, wolf. not raising the debt ceiling does not automatically trigger a default. what i meant by that article there was, you know, i feel like groundhog day, it's kind of like...
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Sep 28, 2013
09/13
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the borrowing and the continuous raising of the debt ceiling. why don't these politicians just put up a bill to eliminate the debt ceiling, what is the purpose of having a debt ceiling if we raise it every time we get to it as nobody wants to vote to eliminate the debt ceiling because they want to pretend they care about the debt but everyone wants and increase. if you want to look at the markets if the markets are selling off on the false crisis that we might not increase the debt ceiling, there is opportunities because we now they're going to increase the debt ceiling but ultimately, the biggest crisis does not come because we failed to raise the debt ceiling but because we do raise it and we repeatedly raise it and that is why the country is rogue. >> there is some talk about getting rid of the debt limit. even if the president were to use the 14th amendment solution as speaker nancy pelosi has suggested he do. that would by default get rid of the debt limit. about a month ago a baby panda was born at the national zoo. we are in these critica
the borrowing and the continuous raising of the debt ceiling. why don't these politicians just put up a bill to eliminate the debt ceiling, what is the purpose of having a debt ceiling if we raise it every time we get to it as nobody wants to vote to eliminate the debt ceiling because they want to pretend they care about the debt but everyone wants and increase. if you want to look at the markets if the markets are selling off on the false crisis that we might not increase the debt ceiling,...
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Sep 30, 2013
09/13
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this is because it is so important to raise the debt ceiling. the republicans are saying this is our chance to get what we want and what we think is right for the country. most countries do not have a debt ceiling. they just pay the bills that toy incur and do their best have as little debt as they can get away with. the debt ceiling was put in place to create situations like this, to raise pressure on both , to give a party that might not have a majority the ability to put pressure on the majority for concessions. you can argue whether it is healthy or unhealthy, but its very existence leads to the kind of showdown we are having now. question about where the money comes from when we raise the debt ceiling. why can't we just print more money? aren't we doing that every month now? guest: right. ok, it is really important to distinguish between the banking system, the federal reserve and the banks, and how money is created in a modern capitalistic economy versus what the government spends. congress does not have any right to print money. the feder
this is because it is so important to raise the debt ceiling. the republicans are saying this is our chance to get what we want and what we think is right for the country. most countries do not have a debt ceiling. they just pay the bills that toy incur and do their best have as little debt as they can get away with. the debt ceiling was put in place to create situations like this, to raise pressure on both , to give a party that might not have a majority the ability to put pressure on the...
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Oct 9, 2013
10/13
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they willtly, i doubt be there to vote to raise the debt ceiling. prerogative, but at the end of the day i think we have a responsibility to work across the aisle and do the right thing. some people have suggested that if you look at house republicans right now, there is something of a civil war playing out. [laughter] is a vigorous debate, and that is fair enough. look, we are a pretty big party. we have been the major party in congressional elections, which is quite something. we are used to thinking of a republican party that was much smaller thanand this one is. this is a raucous caucus, no doubt about it. a lot of people came here in 2020 and 2012. again, they are trying to do the right thing, doing what their constituents want them to do, i would expect a vigorous debate. the democrats are more cohesive than they used to be. the diversity that we used to think of, they are smart -- smaller and further to the left, it makes agreement between the two difficult from the speaker standpoint. host: congressman peter king talk about this clash within
they willtly, i doubt be there to vote to raise the debt ceiling. prerogative, but at the end of the day i think we have a responsibility to work across the aisle and do the right thing. some people have suggested that if you look at house republicans right now, there is something of a civil war playing out. [laughter] is a vigorous debate, and that is fair enough. look, we are a pretty big party. we have been the major party in congressional elections, which is quite something. we are used to...
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Sep 25, 2013
09/13
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the leverage is not raising the debt ceiling. the american people do not want unrelated items being used as leverage around shutting down the government are increasing down the government or increasing the debt ceiling. -- kyle is on our line for democrats. georgia. you are on with charisma john delaney. caller: i am not a democratic caller. i don't want to misrepresent your position, but something you said concerned me. -- seem to scene brush off the debt crisis, and increasing of the debt ceiling, it is kind of like a false argument. is it your position it is not a big deal? and, two, would there be a debt figured that you would be concerned we would not be able to dig our way out of? guest: that is a good question. i do think we have a debt issue in this country but the debt ceiling is not central to that issue. the debt ceiling has to be raised because of commitments congress has already raised. across the last several congress is going back 10 or 15 years we made spending decisions am a taxing decisions, commitments. and we
the leverage is not raising the debt ceiling. the american people do not want unrelated items being used as leverage around shutting down the government are increasing down the government or increasing the debt ceiling. -- kyle is on our line for democrats. georgia. you are on with charisma john delaney. caller: i am not a democratic caller. i don't want to misrepresent your position, but something you said concerned me. -- seem to scene brush off the debt crisis, and increasing of the debt...